Income Growth in Colorado Tops US Average

The article below shows where Colorado stands compared to the nation. That plus job growth are two huge factors for real estate. So why is it so slow in the middle of July??????????????

Interest rates are hurting us, plus the fact that investors are out of the market and are chasing the DOW and probably are partially responsible for its latest runup. The old supply and demand is killing us...there are not enough buyers out there period.

The per capita personal income of Coloradans increased 4.7 percent from 2004, to $37,510 in 2005, according to statistics released Thursday by the federal Bureau of Economic Analysis.
The income level put Colorado No. 7 in the United States, where the per capita personal income, or PCPI, rose 4.2 percent, to $34,471, during the same period.

A decade ago, Colorado's PCPI was measured at $24,226 and ranked 12th in the nation.
Colorado's total personal income in 2005 was nearly $175 billion, or 22nd in the country. The state's 2005 population of 4.7 million also ranked 22nd.

The earnings of employed people in the state increased 6.5 percent between 2004 and 2005, climbing to $144 billion.

Among Colorado's 64 counties, the PCPI was highest in Pitkin County, home to the tony enclave of Aspen. There the per capita personal income was $77,970, or 6.8 percent higher than in 2004. The county with the second-highest PCPI was Clear Creek, which lies west of Jefferson County and where the figure rose 5.3 percent, to $48,150.

Of the seven counties that make up the Denver metropolitan area, Denver ranked the highest, with a PCPI of $47,652, or 5.4 percent more than in 2004. Denver came in third among all Colorado counties.

For more information about your local housing market, go to http://www.coloradodreamhomes.net/.